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Bank of India reports 41% rise in Q2 net profit

13 Nov 2017 Evaluate

Bank of India has reported results for second quarter ended September 30, 2017.

The Bank has reported 41.18% rise in its net profit at Rs 179.07 crore for the quarter under review as compared to Rs 126.84 crore for the same quarter in the previous year. Total income of the Bank increased marginally by 1.15% at Rs 11600.47 crore for Q2FY18 as compared Rs 11469.11 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 12.62% as compared to 13.45% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.47% in Q2FY18. 

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